Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Time is the friend of the wonderful company, the enemy of the mediocre.

I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

If a business does well, the stock eventually follows.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.